Medicare savings program


Also found in: Acronyms.

Medicare savings program

A Medicaid program which helps pay some or all Medicare premiums and deductibles.
References in periodicals archive ?
For low-income Medicare beneficiaries, the Medicare Savings Programs provide limited Medicaid coverage of Medicare premiums and, for beneficiaries with income below the federal poverty level (FPL), Medicare cost-sharing.
Depending on income level, Medicare beneficiaries can qualify for one of the Medicare Savings Programs that provide limited Medicaid coverage: Qualified Medicare Beneficiary (QMB), Specified Low-Income Medicare Beneficiary (SLMB), and Qualifying Individual (QI).
Current Processes for Enrolling Medicare/Medicaid Dual Eligibles in Medicare Savings Programs and Efforts to Increase Enrollment.
Medicare Savings Programs (MSPs) are designed to provide financial assistance to Medicare beneficiaries whose income and assets may be too high to allow them to qualify for full Medicaid coverage.
Rather than build on the existing Medicare Savings Programs, policymakers chose to establish new subsidies with different income and resource standards.
3) Policymakers recognized these anomalies and chose to coordinate the Medicare Savings Programs with the LIS offered through Medicare Part D in the "Medicare Improvements for Patients and Providers Act of 2008" (HR 6331).
People can apply for any of the Medicare Savings Programs through their county Department of Social Services.
For example, homeowners with fixed incomes may be eligible to receive benefits from Medicare Savings Programs.
SSC will reach out to all of Southeast Community Care's Medicare Advantage current and new members to provide education about the Medicare Savings Programs that they qualify for that can reduce or eliminate the financial burden of monthly premiums.
SSC will reach out to all of Arkansas Community Care's Medicare Advantage current and new members to provide education about the Medicare Savings Programs that they qualify for that can reduce or eliminate the financial burden of monthly premiums.
SSC will reach out to all of Texas Community Care's Medicare Advantage current and new members to provide education about the Medicare Savings Programs that they qualify for that can reduce or eliminate the financial burden of monthly premiums.
SSC will reach out to all of Texarkana Community Care's Medicare Advantage current and new members to provide education about the Medicare Savings Programs that they qualify for that can reduce or eliminate the financial burden of monthly premiums.
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